U.S. Department of the Treasury Announces New Funding to Support Technical Assistance for Small Businesses as Part of the Biden-Harris Administration’s Investing in America Agenda

WASHINGTON — Today, the U.S. Department of the Treasury announced the approval of plans for an additional $10 million in technical assistance (TA) funding allocated to four states, two territories, the District of Columbia, and one Tribal government under the American Rescue Plan Act’s State Small Business Credit Initiative (SSBCI) TA Grant Program. Included in these approvals is the first SSBCI TA grant for a Tribal government.Part of President Biden’s economic agenda, the SSBCI TA Grant Program supports programs that provide legal, accounting, and financial advisory services to qualifying small businesses. Treasury allocated $200 million by formula to states, the District of Columbia, territories, and Tribal governments for the TA Grant Program and, as of today, has announced awards totaling over $145 million.“Today’s announcement reinforces President Biden’s commitment to invest in small businesses and entrepreneurs,”said U.S.